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2015 Canadian Federal Budget
The Canadian federal budget for fiscal year 2015–2016 was presented to the House of Commons of Canada by Joe Oliver (politician), Joe Oliver on 21 April 2015. This was the last budget before the 2015 Canadian federal election, 2015 federal election. The budget was supposed to be presented in February or March before the fiscal year began on April 1, but was delayed because of the steep drop in oil prices in the winter of 2014–15. A surplus of $1.4 billion was projected for the fiscal year 2015-2016, however this was adjusted by the new government to a deficit of $1.0 billion by end of March 2016. This was later adjusted to $2.9 billion after reflecting a change requested by the Auditor General dating back 10 years' worth of federal budgets, specifically with regards to the discount rate methodology used to determine the present value of the Government's unfunded pension obligations. Programs Child care The Universal Child Care Benefit will be increased to $1,920 per year ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
41st Canadian Parliament
The 41st Canadian Parliament was in session from June 2, 2011 to August 2, 2015, with the membership of its House of Commons having been determined by the results of the 2011 federal election held on May 2, 2011. Parliament convened on June 2, 2011, with the election of Andrew Scheer as Speaker, followed the next day with the Speech from the Throne. There were two sessions in this Parliament. On August 2, 2015, Prime Minister Stephen Harper asked the Governor General to dissolve Parliament and issue the writ of election, leading to an 11-week election campaign period for the 2015 federal election. Party standings Major bills and motions First session The parliament's first session ran between June 2, 2011, and September 13, 2013, and saw 83 bills adopted. In June 2011, immediately following the election the first six bills were given royal assent. These were the enabling legislation for the 2011 Canadian federal budget, the Canada Post back-to-work legislation titled ''Resto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Security Intelligence Review Committee
The Security Intelligence Review Committee (SIRC; french: Comité de surveillance des activités de renseignement de sécurité) was a committee of Privy Councillors that was empowered to serve as an independent oversight and review body for the operations of the Canadian Security Intelligence Service (CSIS). The SIRC was established in 1984 as a result of the reorganization of Canadian intelligence agencies recommended by the McDonald Commission investigating the illegal activities of the former RCMP Security Service. SIRC's role was to review the activities of CSIS to ensure that the extraordinary powers granted to the security service are "used legally and appropriately, in order to protect Canadians’ rights and freedoms." SIRC did not report to a minister but rather reported directly to the Parliament of Canada. On July 19, 2019, SIRC was superseded by the National Security and Intelligence Review Agency (NSIRA), a super-agency mandated to review all Government of Canada na ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2015 In Canadian Politics
Fifteen or 15 may refer to: *15 (number), the natural number following 14 and preceding 16 *one of the years 15 BC, AD 15, 1915, 2015 Music *Fifteen (band), a punk rock band Albums * ''15'' (Buckcherry album), 2005 * ''15'' (Ani Lorak album), 2007 * ''15'' (Phatfish album), 2008 * ''15'' (mixtape), a 2018 mixtape by Bhad Bhabie * ''Fifteen'' (Green River Ordinance album), 2016 * ''Fifteen'' (The Wailin' Jennys album), 2017 * ''Fifteen'', a 2012 album by Colin James Songs * "Fifteen" (song), a 2008 song by Taylor Swift *"Fifteen", a song by Harry Belafonte from the album '' Love Is a Gentle Thing'' *"15", a song by Rilo Kiley from the album ''Under the Blacklight'' *"15", a song by Marilyn Manson from the album ''The High End of Low'' *"The 15th", a 1979 song by Wire Other uses *Fifteen, Ohio, a community in the United States * ''15'' (film), a 2003 Singaporean film * ''Fifteen'' (TV series), international release name of ''Hillside'', a Canadian-American teen drama *Fif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Budgets
Canadians (french: Canadiens) are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of their being ''Canadian''. Canada is a multilingual and multicultural society home to people of groups of many different ethnic, religious, and national origins, with the majority of the population made up of Old World immigrants and their descendants. Following the initial period of French and then the much larger British colonization, different waves (or peaks) of immigration and settlement of non-indigenous peoples took place over the course of nearly two centuries and continue today. Elements of Indigenous, French, British, and more recent immigrant customs, languages, and religions have combined to form the culture of Canada, and thus a Canadian identity. Canada has also been strongly influenced by its linguistic, geographic, and e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Of Finance Canada
The Department of Finance Canada (french: Ministère des Finances Canada) is a central agency of the Government of Canada. The department assists the minister of finance in developing the government's fiscal framework and advises the government on economic and financial issues. A principal role of the department is assisting the government in the development of its annual budget. The department is responsible to Parliament through the minister of finance (Chrystia Freeland since August 2020, concurrently serving as the deputy prime minister of Canada) and the associate minister of finance (Randy Boissonnault since October 2021, concurrently serving as the minister of tourism). The day-to-day operations of the department are directed by the deputy minister of finance (a public servant), presently Michael Sabia. The department is headquartered in the James Michael Flaherty Building in downtown Ottawa at the corner of Elgin and Albert. Branches and sub-agencies The departmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital Cost Allowance
Capital Cost Allowance (CCA) is the means by which Taxation in Canada, Canadian businesses may claim depreciation expense for calculating taxable income under the ''Income Tax Act'' (Canada). Similar allowances are in effect for calculating taxable income for provincial purposes. General rules for CCA calculation Capital property Capital property eligible for CCA excludes: * land * property the cost of which is deductible in computing the taxpayer's income * property that is described in the taxpayer's inventory * property that was not acquired for the purpose of gaining or producing income * property that was acquired by an expenditure in respect of which the taxpayer is allowed a deduction under section 37 * specified artwork and crafts acquired after November 12, 1981 * property that is a camp, yacht, lodge or golf course or facility acquired after December 31, 1974 if any outlay or expense for the use or maintenance of that property is not deductible by virtue of paragraph 18( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Recession
The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. One result was a serious disruption of normal international relations. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system, along with a series of triggering events that began with the bursting of the United States housing bubble in 2005–2012. When housing prices fell and homeowners began to abandon their mortgages, the value of mortgage-backed securities held by investment banks declined in 2007–2008, causing several to collapse or be bailed out in September 2008. This 2007–2008 phase was called the subprime mortgage crisis. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital Gains
Capital gain is an economic concept defined as the profit earned on the sale of an asset which has increased in value over the holding period. An asset may include tangible property, a car, a business, or intangible property such as shares. A capital gain is only possible when the selling price of the asset is greater than the original purchase price. In the event that the purchase price exceeds the sale price, a capital loss occurs. Capital gains are often subject to taxation, of which rates and exemptions may differ between countries. The history of capital gain originates at the birth of the modern economic system and its evolution has been described as complex and multidimensional by a variety of economic thinkers. The concept of capital gain may be considered comparable with other key economic concepts such as profit and rate of return, however its distinguishing feature is that individuals, not just businesses, can accrue capital gains through everyday acquisition an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income Splitting
Income splitting is a tax policy of fictionally attributing earned and passive income of one spouse to the other spouse for the purposes of assessing personal income tax (i.e. "splitting" away the income of the greater earner, reducing his/her income for tax measurement purposes), thus reducing tax rates paid by the spouse who earns more and increasing rates paid by a spouse who earns less (or nothing). Global incidence and ramifications for sovereign debt and fertility rates Most Western countries have abolished mandatory fictional income splitting, while in several countries fictional income splitting is optional (if the couple chooses it). A 2009 study of 26 European countries found that: "In France, Liechtenstein, Luxembourg and Portugal, couples are jointly assessed. Ireland and Germany operate joint taxation, respectively, with an option for individual taxation and the right to be individually taxed when this is more advantageous; conversely individual taxation is the defa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada Foundation For Innovation
The Canada Foundation for Innovation (CFI; french: Fondation canadienne pour l'innovation, ''FCI'') is an independent not-for-profit organization that invests in research facilities and equipment in Canada's universities, colleges, research hospitals, and non-profit research institutions. Creation The CFI was created by the Government of Canada through the Budget Implementation Act 1997, Bill C-93, to "help build and sustain a research landscape in Canada that will attract and retain the world's top talent, train the next generation of researchers, support private-sector innovation and create high-quality jobs that strengthen Canada's position in today's knowledge economy". Funding The infrastructure funded by the CFI includes the equipment, laboratories, databases, specimens, scientific collections, computer hardware and software, communications linkages and buildings necessary to conduct research. The CFI has established a merit-review process that relies on experts from across C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Security Intelligence Service
The Canadian Security Intelligence Service (CSIS, ; french: Service canadien du renseignement de sécurité, ''SCRS'') is Canada's primary national intelligence agency. It is responsible for collecting, analysing, reporting and disseminating intelligence on threats to Canada's national security, and conducting operations, covert and overt, within Canada and abroad. The agency also reports to and advises the minister of public safety on national security issues and situations that threaten the security of the nation. CSIS is headquartered in Ottawa, Ontario, in a purpose-built facility completed in 1995. The agency is responsible to Parliament through the minister of public safety, and it is overseen by the National Security and Intelligence Review Agency. CSIS is also subject to review by the Federal Court. CSIS agents are not allowed to make arrests. The agency is led by a director, the ninth and current being David Vigneault, who assumed the role on June 19, 2017. History ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conservative Party Of Canada
The Conservative Party of Canada (french: Parti conservateur du Canada), colloquially known as the Tories, is a federal political party in Canada. It was formed in 2003 by the merger of the two main right-leaning parties, the Progressive Conservative Party (PC Party) and the Canadian Alliance, the latter being the successor of the Western Canadian-based Reform Party. The party sits at the centre-right to the right of the Canadian political spectrum, with their federal rival, the Liberal Party of Canada, positioned to their left. The Conservatives are defined as a "big tent" party, practising "brokerage politics" and welcoming a broad variety of members, including "Red Tories" and " Blue Tories". From Canadian Confederation in 1867 until 1942, the original Conservative Party of Canada participated in numerous governments and had multiple names. However, by 1942, the main right-wing Canadian force became known as the Progressive Conservative Party. In the 1993 federal el ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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